Swiss National Bank boosted its position in shares of Coupa Software Inc (NASDAQ:COUP) by 7.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,100 shares of the technology company’s stock after acquiring an additional 3,000 shares during the period. Swiss National Bank owned about 0.08% of Coupa Software worth $1,408,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of COUP. Essex Investment Management Co. LLC acquired a new position in Coupa Software during the 4th quarter worth approximately $242,000. Personal Capital Advisors Corp acquired a new position in Coupa Software during the 4th quarter worth approximately $261,000. Trexquant Investment LP acquired a new position in Coupa Software during the 3rd quarter worth approximately $274,000. Teacher Retirement System of Texas acquired a new position in Coupa Software during the 4th quarter worth approximately $283,000. Finally, Jane Street Group LLC acquired a new position in Coupa Software during the 3rd quarter worth approximately $368,000. Institutional investors own 88.39% of the company’s stock.
Several research analysts have recently issued reports on COUP shares. Barclays upgraded shares of Coupa Software from an “equal weight” rating to an “overweight” rating and set a $38.00 target price for the company in a report on Monday, January 8th. Needham & Company LLC set a $55.00 target price on shares of Coupa Software and gave the company a “buy” rating in a report on Tuesday. Raymond James Financial restated a “buy” rating and issued a $40.00 target price on shares of Coupa Software in a report on Tuesday, December 12th. Morgan Stanley upped their target price on shares of Coupa Software from $42.00 to $49.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, Zacks Investment Research upgraded shares of Coupa Software from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Thursday, December 7th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Coupa Software presently has a consensus rating of “Buy” and an average price target of $46.00.
Coupa Software (NASDAQ:COUP) last issued its quarterly earnings results on Monday, March 12th. The technology company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.17. The firm had revenue of $53.80 million during the quarter, compared to analysts’ expectations of $48.64 million. Coupa Software had a negative net margin of 23.45% and a negative return on equity of 20.33%. Coupa Software’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.05) EPS. equities research analysts predict that Coupa Software Inc will post -0.91 earnings per share for the current year.
In related news, insider Anthony D. Tiscornia sold 1,293 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $33.91, for a total transaction of $43,845.63. Following the completion of the sale, the insider now owns 1,033 shares in the company, valued at approximately $35,029.03. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Ravi Thakur sold 11,240 shares of the stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $44.38, for a total transaction of $498,831.20. Following the sale, the senior vice president now owns 14,306 shares of the company’s stock, valued at approximately $634,900.28. The disclosure for this sale can be found here. In the last quarter, insiders have sold 287,753 shares of company stock valued at $10,593,997. 32.10% of the stock is owned by company insiders.
Coupa Software Profile
Coupa Software Incorporated is a United States-based company, which provides a unified, cloud-based spend management platform that connects organizations with suppliers globally. The Company offers spend management cloud applications, which are pre-integrated. The platform offers consumerized financial applications.
Receive News & Ratings for Coupa Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coupa Software and related companies with MarketBeat.com's FREE daily email newsletter.